Posts Tagged ‘India’

Coal may burn bright, but which Asian market has the lights left on?

If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.

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Is gasoline about to give us a demand response?

A swallow does not a summer make, they say.

How about two?  India has just released its February oil consumption data. And rather  remarkably, gasoline sales are up 18.3% on year, on the heels of a 17.7% spike seen in January.

For the two months, gasoline consumption averaged about 470,000 b/d, compared with 398,000 b/d a year ago. Read the rest of this entry »

The Oil Big Five: Slowdowns from capex cuts and strikes

In the US, March often means spring break: children and young adults have a week off school and classes and families take the time to travel, have some adventures in their hometowns, or just try to catch up and catch their breath as the year continues its hurtle forward.

You may have thought we were taking a break from The Oil Big Five, since this entry is coming midmonth instead of at the beginning of March. Thankfully, that’s not the case, and we’ve caught our breath enough to share this listing of five big oil topics our oil editors and analysts worldwide think are among the most important. Leave us your thoughts in the comments below — are there others you want recognized, or would you like to chime in support that one of these topics is affecting you somehow? — and drop us your feedback on Twitter with the hashtag #oilbig5.

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No demand response to crude price crash? ‘Show us the money’ say motorists in India and China

Crude oversupply is a well-known story by now. Let’s talk about demand growth – or the absence of it. Why has the near-60% crash in crude as measured between the high of mid-June 2014 and the trough of January this year ($115.06 and $46.59/b respectively for front-month Brent) not produced a demand response from Asia?

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Petrodollars: Changing regulations, falling prices move Asian oil markets

In this week’s Oilgram News column, Petrodollars, Song Yen Ling examines the effects of low oil prices on various markets in Asia, ranging from the massive consumption center of China to the rapidly increasing appetite of Indonesia.

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At the Wellhead: A model oil contract in India might not be too popular

India is setting up a new model for outside investment in its oil and gas sector. But as Mriganka Jaipuriyar notes in this week’s Oilgram News column, At the Wellhead, it isn’t getting rave reviews just yet.

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The Oil Big Five: Your comments about oil reserves and opportunities for producers

November is thankfully on its last legs days, and we’re already exhausted. We knew the month would bring lots of big news topics (such as this one, which reminded me of this, because I’d love to see a rock opera about oil), as we discussed in our original Oil Big Five listing for the month. Then there were other items that didn’t make the list that also drew a lot of attention, from us and from others.

To feature reader comments today, we want to draw attention to the comments on our post about comments, which is very meta. We enjoy hearing from you, as these posts are intended to start conversations and discussions (even arguments!), and we think your comments are one of the highlights of this series.

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Indian steel needs support, not tariffs, to fulfill output aspirations

India’s steel sector has been generally positive about new Prime Minister Narendra Modi’s first 100 days in office, which he marked on September 3. Formerly the Chief Minister of Gujarat state for more than a dozen years, Modi presided over strong economic growth in that region, an achievement Indians are hoping to see extended across the entire country.

India has been crunching the gears economically for several years while its big rival China, unencumbered by the democratic process, has motored ahead. Steel projects have foundered due to difficulties in gaining land access–most notably Korean giant Posco’s planned 6 million mt/year capacity works in the south of India–while decrepit infrastructure makes transporting raw materials inside the country expensive and challenging.

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India’s gas pricing dilemma: A ‘Modi’cum of liberalization?

The new Narendra Modi government in New Delhi prolonged the suspense this week over what tack it will take on the controversial domestic gas pricing issue.

It had been expected to signal which way it is inclined ahead of a September 30 deadline to announce its final decision on gas prices.

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Major US trade decision in the pipeline for OCTG producers

The story is a familiar one: Cheap foreign steel products are threatening domestic manufacturers, and the US steel industry is seeking relief with a trade case.

Here’s how it goes down: Following a petition by one or more US producers, the Department of Commerce and the International Trade Commission independently and simultaneously investigate any antidumping and countervailing claims. Commerce investigates whether imported products are sold at less-than-fair value or have been subsidized by foreign governments and determines duty rates accordingly. The ITC rules whether those imports materially injure or threaten material injury to the domestic industry. If either body votes in the negative, no duties are levied.

On Friday, Commerce is due to make its final determination in the antidumping and countervailing investigations of oil country tubular goods (OCTG) imports from South Korea, India, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine and Vietnam.

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